ed Problem 3-SA Ayala Architects incorporated as licensed architects on April 1,

Question

ed Problem 3-SA Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions Apr. 1 Stockholders invested $18,000 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $375 per week, payable monthly. 1 2 Paid office rent for the month $900. 3 10 11 20 30 30 Purchased architectural supplies on account from B Completed blueprints on a carport and billed client $1,900 for services. Received $700 cash advance from M. Jason to design a new home. Received $2,800 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,500. Paid $300 to Burmingham Company for accounts payable due. urmingham Company $1,300. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Apr. 1 Cash 375 375 No Entry

Explanation / Answer

Cash 1-Apr 18,000 2-Apr 900 11-Apr 700 30-Apr 1500 20-Apr 2,800 30-Apr 300 bal 18,800 Accounts receivable 10-Apr 1,900 bal 1,900 supplies 10-Apr 1,300 bal 1,300 Accounts payable 30-Apr 300 3-Apr 1,300 bal 1,000 unearned service revenue 11-Apr 700 bal 700 common stock 1-Apr 18,000 bal 18,000 Service revenue 10-Apr 1,900 20-Apr 2,800 bal 4,700 Salaries and wage expense 30-Apr 1,500 bal 1,500 Rent expense 2-Apr 900 bal 900 Trial balance Debit Credit cash 18,800 accounts receivable 1,900 supplies 1,300 Accounts payable 1,000 unearned service revenue 700 common stock 18,000 Service revenue 4,700 Salaries & wage expense 1,500 Rent expense 900 total 24,400 24400

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